Active Mixed AidData Chinese Aid

[China-Venezuela Joint Fund] Chinese financing for Mission Barrio Adentro IV (Linked to Record ID#58677)

Funder	China Development Bank (CDB)
Recipient Organization	Banco de Desarrollo Económico y Social de Venezuela (BANDES)
Country	Venezuela
Start Date	Jan 01, 2011
End Date	Sep 16, 2033
Duration	8,294 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`37292`

Grant Description

[China-Venezuela Joint Fund] Chinese financing for Mission Barrio Adentro IV As part of the Barrio Adentro IV program, China donated over 100 million USD worth of medical equipment, surgical equipment, and has taken the first steps in building factories to produce these goods in Venezuela as of March 2011.

This donation of equipment went towards 559 Integral Diagnostic Centers with 130 operating rooms. Chinese financing also supported the opening of 8 new hospitals in 2011 under the Barrio Adentro IV program. The eventual goal is 16. However, there are still only 8 due to irregularities in funding. Mision Barrio Adentro IV is is responsible for the most complicated and specialized medical and surgical needs.

These are national and referral facilities where teaching and research is carried out. This project is funded by the China-Venezuela Development Joint Fund. The Fund receives contributions from China Development Bank and FONDEN, and it is administered by BANDES. See Record ID#58677 for more information on the fund.

The first commitment to this fund was made in 2007.

📋 Staff Comments

Value of Chinese financing is unclear. The transaction amounts for all sub-projects are accounted for in the projects for the three tranches and their renewals. Because it is unclear how much funding for each project is from the Chinese side and it is unclear which tranche is funding each sub-project, the transaction amounts should not be recorded until this information is known.

📚 Sources & References

Presidente Hugo Chávez afirma que meta de recaudación fue superada ampliamente
Misión Barrio Adentro: 10 años construyendo la Revolución en Salud
Chavez Re-launches Venezuela’s Flagship “Barrio Adentro” Healthcare Program
Barrio Adentro IV inaugurará 8 nuevos hospitales este año
Misión Barrio Adentro I
II
III
IV
Dijo el presidente Hugo Chávez
Ejecutivo Nacional construye 16 centros hospitalarios de Barrio Adentro IV en el país
Mission Barrio Adentro
Gaceta Oficial de la Republica Bolivariana de Venezuela
China-Venezuela Economic Relations: Hedging Venezuelan Bets with Chinese Characteristics
Financiamientos desde el Fondo Conjunto Chino-Venezolano Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.